Bizarre Creations's new racing IP due FY 2010

Note: Image from PGR4, not new Bizarre IP

Activision-owned Bizarre Creations' new racing franchise -- which is not PGR5 -- is due out in the 2010 fiscal year, which begins on April 1, 2009. In a conference call (start at 29:55 mark), Activision Publishing CEO Mike Griffith said, "Bizarre is deep in development on two multi-platform titles and we are looking forward to the release of our first new racing IP in fiscal 2010, which already looks very strong."

Bizarre just recently said goodbye to its Project Gotham Racing series, handing off PGR4 downloadable content duties to IP owner Microsoft.

Check out Activision's Family Album to learn more about the company's internal studios.